According to the public record, 8, Magellan Place, London is a modern freehold house with 721 ft2 of internal area and sits on a 90.2 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Magellan Place, London, E14 is located in the borough of Tower Hamlets within the E14 postal district.
8, Magellan Place, London has 41 entries in the Land Registry database, most recently in November 2018 and a single entry in the EPC database dated December 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 8 Magellan Place London as £558,253 and the rental value as £2,842 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 8 Magellan Place London has increased by £7,309 (1.3%) and its rental value has increased by £137 per month (4.8%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 8, Magellan Place, London is in very good condition we estimate a sale value of £586,165 and rental value of £2,984 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £519,175 and a rental value of £2,643 per month.
If you were able to purchase this property for the estimated value of £558,253, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,744 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 8, Magellan Place, London sits on a plot of 90m2.
We have plot size data on 7 out of 11 other houses in the postcode and 8, Magellan Place, London sits on the 2nd largest plot.
According to HM Land Registry, 8, Magellan Place, London was last sold on 01 Nov 2018 for £585,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Nov 2018, the market for similar properties has risen 7.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Magellan Place, London within a radius of 340 metres over the last 2 years.
The most recent example is 3, Magellan Place, London, E14 3QW, a Freehold house which sold for £575,000 in Feb 2022.
Read more about house prices in E14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Magellan Place, London, E14 has a total of 11 addresses. According to our analysis of all the public data, 8, Magellan Place, London is the 10th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £74k more expensive than the average property in E14.
8, Magellan Place, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Dec 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 8, Magellan Place, London is Mudchute station which is 600 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Magellan Place, London, 48.3% of property is privately rented and 29.2% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 8, Magellan Place, London, 15.5% of residents are recorded as possessing school level qualifications and 76.9% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 8, Magellan Place, London, the average age was 32.8 and the most common age was 32.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 8, Magellan Place, London, 2.8% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 8, Magellan Place, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.